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PRHYX vs. VSBSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PRHYX vs. VSBSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price High Yield Fund (PRHYX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.52%
2.99%
PRHYX
VSBSX

Returns By Period

In the year-to-date period, PRHYX achieves a 6.16% return, which is significantly higher than VSBSX's 3.42% return. Over the past 10 years, PRHYX has outperformed VSBSX with an annualized return of 4.28%, while VSBSX has yielded a comparatively lower 1.14% annualized return.


PRHYX

YTD

6.16%

1M

0.39%

6M

5.34%

1Y

11.87%

5Y (annualized)

3.92%

10Y (annualized)

4.28%

VSBSX

YTD

3.42%

1M

-0.20%

6M

2.88%

1Y

4.97%

5Y (annualized)

1.06%

10Y (annualized)

1.14%

Key characteristics


PRHYXVSBSX
Sharpe Ratio2.972.76
Sortino Ratio5.264.33
Omega Ratio1.781.60
Calmar Ratio2.841.72
Martin Ratio20.5313.52
Ulcer Index0.58%0.37%
Daily Std Dev3.99%1.82%
Max Drawdown-30.82%-6.54%
Current Drawdown-0.45%-0.82%

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PRHYX vs. VSBSX - Expense Ratio Comparison

PRHYX has a 0.70% expense ratio, which is higher than VSBSX's 0.07% expense ratio.


PRHYX
T. Rowe Price High Yield Fund
Expense ratio chart for PRHYX: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for VSBSX: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Correlation

-0.50.00.51.00.0

The correlation between PRHYX and VSBSX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

PRHYX vs. VSBSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for PRHYX, currently valued at 2.97, compared to the broader market-1.000.001.002.003.004.005.002.972.76
The chart of Sortino ratio for PRHYX, currently valued at 5.26, compared to the broader market0.005.0010.005.264.33
The chart of Omega ratio for PRHYX, currently valued at 1.78, compared to the broader market1.002.003.004.001.781.60
The chart of Calmar ratio for PRHYX, currently valued at 2.84, compared to the broader market0.005.0010.0015.0020.0025.002.841.72
The chart of Martin ratio for PRHYX, currently valued at 20.53, compared to the broader market0.0020.0040.0060.0080.00100.0020.5313.52
PRHYX
VSBSX

The current PRHYX Sharpe Ratio is 2.97, which is comparable to the VSBSX Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of PRHYX and VSBSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.97
2.76
PRHYX
VSBSX

Dividends

PRHYX vs. VSBSX - Dividend Comparison

PRHYX's dividend yield for the trailing twelve months is around 6.47%, more than VSBSX's 4.12% yield.


TTM20232022202120202019201820172016201520142013
PRHYX
T. Rowe Price High Yield Fund
6.47%6.29%6.13%5.08%5.19%5.49%6.26%5.49%5.73%6.46%6.39%6.11%
VSBSX
Vanguard Short-Term Treasury Index Fund Admiral Shares
4.12%3.29%1.12%0.33%1.11%2.27%1.80%1.09%0.81%0.67%0.40%0.27%

Drawdowns

PRHYX vs. VSBSX - Drawdown Comparison

The maximum PRHYX drawdown since its inception was -30.82%, which is greater than VSBSX's maximum drawdown of -6.54%. Use the drawdown chart below to compare losses from any high point for PRHYX and VSBSX. For additional features, visit the drawdowns tool.


-1.40%-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.45%
-0.82%
PRHYX
VSBSX

Volatility

PRHYX vs. VSBSX - Volatility Comparison

T. Rowe Price High Yield Fund (PRHYX) has a higher volatility of 0.95% compared to Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) at 0.36%. This indicates that PRHYX's price experiences larger fluctuations and is considered to be riskier than VSBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.40%0.60%0.80%1.00%1.20%1.40%JuneJulyAugustSeptemberOctoberNovember
0.95%
0.36%
PRHYX
VSBSX